Wednesday, June 27, 2007


This morning I mentioned the beginning of modern mortgage lending in a post about lender requirements, saying, "The art or science of organized mortgage lending has evolved through trial and error over many decades starting, really, since the Great Depression."

Imagine my surprise to see Robert Franco saying Happy Birthday to the FHA! Seems it all started June 27, 1934.

How about that? I absolutely had no idea that today was the day!

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